Standard Life Aberdeen plc Has $25.79 Million Position in Nasdaq Inc (NDAQ)
Standard Life Aberdeen plc increased its stake in shares of Nasdaq Inc (NASDAQ:NDAQ) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 300,587 shares of the financial services provider’s stock after purchasing an additional 1,835 shares during the period. Standard Life Aberdeen plc owned approximately 0.18% of Nasdaq worth $25,790,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in NDAQ. First Hawaiian Bank acquired a new stake in shares of Nasdaq during the third quarter worth $101,000. Legacy Advisors LLC acquired a new stake in shares of Nasdaq during the third quarter worth $116,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Nasdaq during the second quarter worth $122,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Nasdaq during the second quarter worth $125,000. Finally, Synovus Financial Corp grew its stake in shares of Nasdaq by 5,285.7% during the third quarter. Synovus Financial Corp now owns 1,885 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 1,850 shares during the period. 75.53% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have issued reports on the company. Rosenblatt Securities assumed coverage on Nasdaq in a research note on Wednesday, September 5th. They issued a “neutral” rating and a $99.00 target price for the company. ValuEngine raised Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Zacks Investment Research raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, Citigroup decreased their target price on Nasdaq from $93.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Nasdaq presently has a consensus rating of “Hold” and an average target price of $96.79.
NASDAQ:NDAQ opened at $90.40 on Wednesday. Nasdaq Inc has a 1 year low of $72.98 and a 1 year high of $96.84. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $14.97 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 2.03 and a beta of 0.50.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.01. The company had revenue of $600.00 million for the quarter, compared to analyst estimates of $605.67 million. Nasdaq had a return on equity of 13.69% and a net margin of 17.95%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 earnings per share. As a group, equities research analysts anticipate that Nasdaq Inc will post 4.77 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be issued a $0.44 dividend. The ex-dividend date is Thursday, December 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.95%. Nasdaq’s dividend payout ratio (DPR) is 43.35%.
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Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
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